Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
Car limit. Generally, if you purchase a car and the price is more than the car limit, the maximum amount of GST credit you can claim is one-eleventh of that limit. For 2013-14, the maximum GST credit you can claim is $5,224 (that is, 1/11 x $57,466).This limit also applies to cars which are fuel efficient.arren purchases a new car for $68,043 (including $6023.60 GST and $1783.15 luxury car tax) on 12 July 2013. Darren plans to use the car 100% in carrying on his business. As the car limit for the 2013â14 financial year is $57,466, the maximum GST credit Darren can claim is $5,224 (1/11 x $57,466).